Under Contract

442 Hedgewood Dr

Chattanooga TN, 37405

$100,000


$61.16 per sqft

Under Contract

3 Beds

2 Baths

1,635 sqft

Residential

Built in 1930

Investment Opportunity: 442 Hedgewood Drive, Chattanooga, TN

Discover the potential at 442 Hedgewood Drive, nestled in the vibrant and growing area of Red Bank, Chattanooga, TN. This unique property is presented ''as is,'' offering an exceptional opportunity for real estate investors to capitalize on the thriving Chattanooga market. Whether you are looking to renovate the existing structure or envision a complete redevelopment, this property stands as a canvas ready for transformation.

Key Features:

* Prime location in Red Bank, a suburb recognized for its burgeoning real estate market and community-oriented atmosphere.
* The property offers a versatile foundation for either a comprehensive renovation project or a complete rebuild, catering to the investor's strategy to optimize returns.
* Proximity to downtown Chattanooga and major transportation routes, enhancing tenant appeal and property value.
* Situated in a neighborhood with rising property values, suggesting a favorable trend for future investment growth.

Investment Highlights:

* Value-Add Opportunity: With the property being sold ''as is,'' investors have a blank slate to implement a value-add strategy. Whether through modernizing the existing structure or constructing a new development, the potential for significant appreciation and ROI is substantial.
* Strategic Location: Red Bank's proximity to key attractions and the economic hub of Chattanooga positions this property as an attractive offering for both residential and possibly mixed-use developments, subject to zoning regulation

This property represents a rare opportunity to shape Chattanooga's skyline and community. Whether you're aiming to create a residential haven or explore mixed-use possibilities, 442 Hedgewood Drive offers the foundation for a lucrative investment. Act now to leverage this chance to build your legacy in Chattanooga's promising real estate landscape.

1390771

MLS ID

April 24, 2024

Listed

April 29, 2024

Updated

Map

442 Hedgewood Dr
Chattanooga TN, 37405

Interior Features

Total Stories

1


Bedrooms

3


Total Bathrooms

2


Interior Features

Shared Bath


Appliances

None


Fireplace

No


Cooling

No


Heating

No


Heating Description

None

Exterior/Building Features

Lot Size

0.16 Acres


Exterior Features

None


Roof

Shingle

School Information

High School

Red Bank High School


Elementary School

Red Bank Elementary

Other Property Details

Area Name

Red Bank


Taxes

$1,615


Tax Frequency

Annually


Garage

No


Parking

None


View

No


County

Hamilton


Water Source

Public


Pool

No

Listing History

Date

Event

Price

4/29/2024

Under Contract

 

Courtesy of Berkshire Hathaway HomeServices Realty Center

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Lawrence Team Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Greater Chattanooga Association of REALTORS. All rights reserved.

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